---
title: "The newly released economic data in the past two days—from slightly lower-than-expected continuing j"
description: "The newly released economic data in the past two days—from slightly lower-than-expected continuing jobless claims to persistently sluggish existing home sales—all imply a continued cooling of the econ"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/22121422.md"
published_at: "2024-06-28T01:47:10.000Z"
author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)"
---

# The newly released economic data in the past two days—from slightly lower-than-expected continuing j

The newly released economic data in the past two days—from slightly lower-than-expected continuing jobless claims to persistently sluggish existing home sales—all imply a continued cooling of the economy. Under ample liquidity support, the market continues to trade on expectations of a soft landing.

So even though last night, $Micron Tech(MU.US) dragged down the semiconductor big three—Nvidia, TSMC, and Broadcom—due to weaker-than-expected guidance, leading to a sector-wide pullback. However, in terms of market structure, capital seems to be shifting downstream.

Whether it's the continued rise of internet information and content or application software, in a favorable macro and liquidity environment, capital is rotating rather than simply locking in profits.

### Related Stocks

- [SOXS.US - Direxion Semicon Bear 3X](https://longbridge.com/en/quote/SOXS.US.md)
- [CP00062.US - Semiconductor](https://longbridge.com/en/quote/CP00062.US.md)
- [AVGO.US - Broadcom](https://longbridge.com/en/quote/AVGO.US.md)
- [MU.US - Micron Tech](https://longbridge.com/en/quote/MU.US.md)
- [SMH.US - VanEck Semiconductor ETF](https://longbridge.com/en/quote/SMH.US.md)
- [SOXL.US - Direxion Semicon Bull 3X](https://longbridge.com/en/quote/SOXL.US.md)
- [NVDA.US - NVIDIA](https://longbridge.com/en/quote/NVDA.US.md)
- [NVDL.US - GraniteShares 2x Long NVDA Daily ETF](https://longbridge.com/en/quote/NVDL.US.md)
- [SOXX.US - iShares Semiconductor ETF](https://longbridge.com/en/quote/SOXX.US.md)
- [TSM.US - Taiwan Semiconductor](https://longbridge.com/en/quote/TSM.US.md)

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.